The African Trade and Investment Development Insurance (ATIDI) is projecting strong future growth for its operations in Angola, following a period of record financial performance and deepening engagement in the country’s infrastructure and development sectors.
In 2023, ATIDI reported a net profit of USD 69.1 million, representing a 205% increase from the previous year. Revenues rose by 14% to USD 155.7 million, while total assets and shareholder equity grew by 27% and 25%, respectively. The institution’s gross exposures, which indicate the total amount of insurance cover and guarantees extended, reached USD 9.6 billion, reflecting a 19% increase.
Angola became ATIDI’s 21st African member and its first Lusophone member in April 2023, contributing USD 25 million in capital. Even prior to its formal membership, Angola had benefited from ATIDI’s support, with insurance coverage valued at USD 418 million across sectors such as construction, energy, transport, and water infrastructure. Notably, the BITA Water Project in Luanda, backed by ATIDI, has improved access to potable water for over 2.5 million residents.
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ATIDI’s current five-year strategy, covering 2023 to 2027, aims to increase capital to USD 1 billion and expand its membership by 25%. Angola is expected to play a central role in these plans, particularly within the framework of the Lusophone Compact, which supports investment in Portuguese-speaking African countries. ATIDI’s upcoming Annual General Meeting, scheduled to be held in Luanda from June 18 to 21, 2025, is seen as a strategic opportunity to reinforce its presence in the Angolan market.
The organization is also expected to increase its focus on climate-aligned and ESG-compliant projects, aligning with its newly established environmental policy. Future activities in Angola are likely to target continued investment in water, energy, transport infrastructure, and SME support, with the potential to attract further private capital and development financing.
